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Search Results 0 to 5 of about 6 (some duplicates have been removed)
Feb 23, 2013 6:30am PST
beyond espionage. and it is war. it is war in this century. the pentagon, the obama administration actually trying to cope with that very question, christine. if you call this a war, what are the battlefield rules? if they attack us, if they try and get into u.s. banking systems, what are the rules for the u.s. to retaliate? would the u.s.? a battlefield situation try and take down another country's economic infrastructure, possibly having the impact of denying water, power, electricity to a population and a country we're at war with? these are the fundamental questions the pentagon is trying to cope with. for now, the obama administration has a new spiesh poli -- new cyberpolicy where they're trying to classify more information about the threat with u.s. business and industry so that the u.s. infrastructure has a better idea of what's going on. >> this mandate report doesn't just come out of the ether. we have had years -- barbara, you've been covering it, chris, you, too. years of reports of chinese lasers blinding satellites that are orbiting could essentially shut down the amer
Feb 2, 2013 6:30am PST
. that's stupid. three months later, obama was saying the same thing. >> the difference is, america owes itself, right? when you look at who owns our debt, we own our debt. >> yeah. some of it is overseas. the main thing is that the debt's in dollars. we can't run out of cash. we print the stuff. >> right. >> and greece, the crucial thing is not so much that the debt is owned by non-greece as that the debt is in euros. that gives them way less flexibility. if you take a country like us, to me it's even hard to tell the story. you say, you know, supposed that we have a run on -- supposed that foreigners decide we're not reliable. how does that drive up interest rates? the fed controls short-term interest rates. long-term interest rates reflect expected short rates. how is that supposed to happen? the answer is actually it's not an easy story to tell. >> economics, news, politics. right now washington is run by politics. so they are in a budget-cutting mode. they are in a spending, cutting spending mode. how do they do that and not hurt the economy? >> well -- >> they're going do it,
Feb 16, 2013 6:30am PST
. >>> back in the u.s., the obama administration says as of today they won't take any more applications for the pre-existing condition insurance plan because of limited funding. it's a stop gap program to help people with medical problems who cannot get private insurance right now. new legal provisions kick in january 1st of next year, barring insurers for turning anyone away for poor health. >>> thanks for watching this morning. i'll see you back here at the top of the hour. "your bottom line" starts right now. >>> thank you, susan and victor. we'll see you at the top of the hour. we know what we've recovered from. the minimum wage economy, is that what we're recovering to? good morning, i'm christine romans. 28 months in a row, 6.1 million jobs created in the past three years, but the jobs we're adding are not the same quality as the jobs we lost. survey from rutgers university finds 60% of people who found work in six months settled for lower pay. these aren't jobs you can send a kid to college on or buy a house. president obama detailed his blueprint for boosting the middle class. the o
Feb 16, 2013 9:30am EST
a kid to college on or buy a house. president obama detailed his blueprint for boosting the middle class. the only new proposal was an old one, raising the minimum wage. >> let's declare that in the wealthiest nation on earth, no one who works full time should have to live in poverty and raise the federal minimum wage to $9 an hour. >> free action was swift and fierce. conservatives say, hey, that's a jobs killer. progressives say it lifts families out of poverty. the problem, you can't find studies to support just about any position. a study found the new minimum wage actually means fewer jobs for low-skilled workers but a study by alan krueger concludes minl mihm wage hikes dewpoint reduce employment for fast food workers in new jersey. a study from the chicago fed found every $1 rise in the the minimum wage increases household spending by $2,800 over the following year. but just this week, januaet yellin, the vice chair of the federal reserve said raising the minimum wage doesn't fix the problem, stagnant spending by households and businesses. >> i would say that it's not someth
Search Results 0 to 5 of about 6 (some duplicates have been removed)